While this article is aimed at Financial Information and Market Data Professionals, the principles behind the concepts are gaining increased traction across all areas of data sourcing and usage.

Since the beginning of time access to information has been the most important business tool for decision making. The explosion in data utilisation is critical to understanding why effective data compliance will only become ever more important. The question then becomes why is it important?

Financial Institutions, like all companies, rely on increasing access to externally sourced data, thanks to availability and accessibility.

Data ubiquity means greater data utilisation both within the enterprise and distribution beyond to connect with clients.

Critically this data is licenced, not sold, for use.

Data Ownership

That data is owned by someone, for instance, Exchanges, Index Creators, Original Works Creators, Newswires, and many others.

The greater the number of ways to use data, means the greater number of ways to charge for it, and data sources are in the game to make money.